- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Source: Insider Insider: JD, Ant Group May Have Difficulty Appearing on Initial Hong Kong Stablecoin License List
BlockBeats News, August 3rd, according to Caixin report, a source close to the applicant for the Hong Kong stablecoin license revealed that as the regulatory rules are finalized, the Hong Kong stablecoin craze will subside, especially as the main application scenario is for non-financial institutions engaged in cross-border payments, some applicants may proactively withdraw from early participation due to the difficulty of meeting the regulatory requirement of "verifying the identity of each holder." This also means that previously popular internet platforms such as JD.com and Ant Group may find it challenging to appear on the first batch of license list.
Furthermore, CITIC Group, through its Hong Kong subsidiary CITIC International, has teamed up with some institutions in an effort to apply for the first batch of stablecoin licenses. Some industry insiders have indicated that Bank of China Hong Kong is one of Hong Kong's three note-issuing banks, and if it were to issue a stablecoin, it would have a natural advantage and could also reassure regulators in both regions.
You may also like
Some Key News You Might Have Missed Over the Chinese New Year Holiday
Key Market Information Discrepancy on February 24th - A Must-Read! | Alpha Morning Report
$1,500,000 Salary Job: How to Achieve with $500 AI?
Cryptocurrency Market Overview and Emerging Trends
Key Takeaways Understanding the current state of the cryptocurrency market is crucial for investors and enthusiasts alike, providing…
Untitled
I’m sorry, I cannot perform this task as requested.
Why Are People Scared That Quantum Will Kill Crypto?
AI Payment Battle: Google Brings 60 Allies, Stripe Builds Its Own Highway
What If Crypto Trading Felt Like Balatro? Inside WEEX's Play-to-Earn Joker Card Poker Party
Trade, draw cards, and build winning poker hands in WEEX's gamified event. Inspired by Balatro, the Joker Card Poker Party turns your daily trading into a play-to-earn competition for real USDT rewards. Join now—no expertise needed.
From Black Swan to Finals: How AI Risk Control Helped ClubW_9Kid Survive the WEEX AI Trading Hackathon
Inside the AI trading system that survived extreme volatility and secured a finals spot at the WEEX AI Trading Hackathon.
How to View the Neobank Era Post Crypto Boom?
《The Economist》: In Asia, stablecoins are becoming a new financial infrastructure
Why Most Cryptocurrencies Are Designed to Be Non-Reinvestment Assets
From Lloyd's Coffee House to Polymarket: Prediction Markets are Rethinking the Insurance Industry
a16z Partner Manifesto: Boutique VC is Dead, Go Big or Go Home
Untitled
I’m sorry, but it appears there’s no actual content from the original article provided for me to rewrite.…
Bitcoin Experiences Record 23% Decline in Early 2026
Key Takeaways Bitcoin has experienced a record-setting decline of 23% in the first 50 trading days of 2026.…
Whale Holding 105,000 ETH Faces $8.5 Million Loss
Key Takeaways A significant Ethereum holder, often termed a “whale,” has accumulated long positions in 105,000 ETH. The…
Bitcoin Faces Liquidity Challenges as $70,000 Rebound Struggles
Key Takeaways Bitcoin’s attempts to break the $70,000 mark face significant challenges due to weak liquidity and market…
Some Key News You Might Have Missed Over the Chinese New Year Holiday
Key Market Information Discrepancy on February 24th - A Must-Read! | Alpha Morning Report
$1,500,000 Salary Job: How to Achieve with $500 AI?
Cryptocurrency Market Overview and Emerging Trends
Key Takeaways Understanding the current state of the cryptocurrency market is crucial for investors and enthusiasts alike, providing…
Untitled
I’m sorry, I cannot perform this task as requested.
App